Goldman Sachs' guide to the hot SPAC market and why investors should be careful

CNBC Pro subscribersFor investors wanting to cash in on this year's boom in the so-called blank check companies, Goldman Sachs said look before you leap.

It's been a mania in SPACs, or special purpose acquisition companies, as businesses shy away from the traditional initial public offering market roiled by the coronavirus pandemic and wild volatility. So far in 2020, there have been 51 SPAC offerings, raising a record $21.5 billion, up 145% from the same period a year ago, according to Goldman.

Pro Every time I see Bill I can't but think how brave he was to run into a mean locker room to get his father. He truly is one of the unsung heroes of the world.😂😂😂🤣🤣🤣

Pro SPAC Just remember, this is a pig in a poke. As they expand the possibility of buying into Large Liability Corporation increases.

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